Question: Step by step solution and formula. Which among the situations (1-5) is beneficial to the firm? Complete the table below and identify which among the

Step by step solution and formula. Which among the situations (1-5) is beneficial to the firm?
Complete the table below and identify which among the situations (1-5) is the most beneficial to the firm. Situation 1 Situation 2 Situation 3 Situation Situation 5 30 days 25 days 30 days 60 days 70 days 25 days 30 days 20 days 30 days 45 days 60 days Ave. Age of Inventories Ave. Age of Receivables Ave. Payment Period Operating Cycle Cash Conversion Cycle 85 days 40 days 70 days 30 days
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